Intersnack has acquired KP Snacks from The Blackstone Group and PAI partners portfolio company United Biscuits, in a deal reportedly worth around £500m.
The transaction is expected to complete in the first quarter of 2013. The deal was funded by a combination of shareholder equity and debt underwritten by Commerzbank, HSBC Tinkhaus & Burkhardt, HSBC...
New combined entity will generate revenues in excess of €300m
Investment marks the fourth round of funding for the UK-based tyre replacement business
Deal marks the fund’s second transaction executed on a stand-alone basis
Backers include existing investors Capnamic Ventures and Iris Capital, as well as business angels